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Deployments · platform by Norges Bank

Norges Bank CBDC and tokenisation sandboxNew

Norges Bank's experimental testing for its central bank digital currency study. Two isolated sandbox ledgers (Hyperledger Fabric and Hyperledger Besu), joined by a bridge, carried retail and wholesale CBDC, tokenised bank deposits settled in tokenised reserves, tokenised securities and the full life cycle of a tokenised government bond. DNB took part as a bank in some tests and DNB Carnegie helped design the securities-trading scenarios. The results were published in March 2026; the bank decided a CBDC is not needed now but will keep testing tokenisation with more banks and financial firms. The code is open source.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Proof of concept since 24 Mar 2026[1] — Isolated test environments with no link to production systems, so proof of concept. The source does not date the start of testing; the date is when the results were published. · Reviewed 21d ago

Assets
Wholesale central-bank moneyRetail central-bank moneyBank depositDebt security[1]
Test wholesale CBDC in Norwegian kroner on the Fabric core ledger, also bridged to Besu as a wrapped token
[1]
Test retail CBDC in a two-tier model
[1]
Test tokenised bank deposits settled in tokenised reserves
[1]
Test tokenised government bonds
Networks
Use cases
Domestic payments[1]Delivery versus payment (DvP)[1]Primary issuance[1]
Jurisdictions
Norway

Participants

  • Norges BankPlatform provider, Operator, Issuer[1]Norway
  • DNBCounterparty[1]Norway
  • DNB CarnegieLegal or professional adviser[1]Norway
  • The sandboxes were developed with two external IT vendors that the report does not name.[1]

Timeline

  1. Happened 24 Mar 2026 · Announcement · recorded 18 Oct 2026
    Norges Bank publishes the final report of its CBDC study and the sandbox test results; it finds a CBDC not warranted for now, will keep exploring tokenisation and publishes the sandbox code.[2][1]
  2. Expected 2026 (year only) · Scope expansion · recorded 18 Oct 2026
    Norges Bank says it will widen technical testing of tokenisation and CBDC with banks and other financial firms.[3]

Sources

  1. [1]Central bank digital currency – experimental testing in project phase 5 (Norges Bank Papers 3/2026) — Norges Bank, 24 Mar 2026. Accessed 18 Oct 2026.A
  2. [2]Exploration of central bank digital currency — Norges Bank, 24 Mar 2026. Accessed 18 Oct 2026.B
  3. [3]Financial Infrastructure 2026 (web report) — Norges Bank, May 2026. Accessed 18 Oct 2026. In NO; our summary is translated. Original title: Nettrapport Finansiell infrastruktur 2026. Says Norges Bank will involve banks in technical testing of tokenisation and CBDC and hopes more banks and financial firms will join..B
  4. [4]Testing of central bank digital currency technology — Norges Bank. Accessed 18 Oct 2026.B

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